The assumption of ceteris paribus holds well in the real world
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Which is a typical property of the production function?
A. constant returns to scale B. the MPL increases as capital input increases C. the MPK increases as the labor input increases D. all of the above
Economics
A local electricity-generating company has a monopoly that is protected by an entry barrier that takes the form of
A) a perfectly inelastic demand curve. B) economies of scale. C) control of a key raw material. D) network externalities.
Economics